If you had Marketplace health insurance in 2020, you can renew, change, or update your plan for 2021 until Tuesday, December 15th, 2020.
- Whether you plan to renew or change plans, we strongly encourage you to contact your local broker for a plan review and update, or log in and update your information by December 15th, 2020. This way your new coverage will start January 1, 2021.
- If you don’t act by December 15th, you’ll probably be automatically re-enrolled for January 1, but you MUST update income and household information on your 2021 application to get the right amount of savings.
Your 2021 Insurance Status
You should have received 2 letters: one from your current insurance company and once from the Marketplace.
- Together they explain:
- You 2021 coverage status
- Which plan (if any) you’ll be enrolled in or matched with if you don’t act by December 15, 2020.
- Any changes in your coverage and financial help
- Directions if you need to send the Marketplace any documents.
- If you didn’t get your insurance company letter, contact your insurance company.
- If you didn’t get your Marketplace letter, contact the call center at 1-800-318-2596 (TTY: 1-855-889-4325)
Important: Update & Compare Plans for 2021
No matter what plan you want to enroll in, we strongly recommend you update your Marketplace application with your expected income and household information and compare your current plan to what’s available for 2021.
- New, affordable plans may be available this year. Plans and prices change every year. Your situation may have changed too. You may find 2021 plans with coverage and features that better meet your needs – especially if you have had or expect income or household changes.
- Update your application so your 2021 financial help is correct. Financial help is based on your expected income for 2021 (not 2020). If you don’t update your income and household information, your premium tax credit and other savings could be wrong for 2021. If this happens:
- You could wind up paying more for your monthly premium than you have to.
- You may use more advanced payments of the premium tax credit than you qualify for. You’d have to pay back some or all of the difference when you file your federal taxes.
- You may be automatically enrolled for 2021 – but we strongly recommend you update your application and check our new insurance plans first. If you don’t renew or enroll in a plan by December 15th, 2020, you may be automatically enrolled in the same plan or a similar plan. This way you’ll be covered on January 1, 2021. However, the best way to make sure you have a 2021 plan that meets your current needs, and with the financial help you qualify for, is to contact your local broker and get a free consultation of your current plans and potential plans, or to log in to update your information and see all the plans available for 2021. You should do this even if you want to keep the same plan.
- In some cases, you won’t be automatically enrolled. Just enroll in any available plan by December 15th, 2020, to make sure you’re covered on January 1, 2021.
Working with a local and trusted broker is the route many choose to take when looking to renew, update or change their insurance because a broker is able to familiarize themselves with the available products and plans, and can better help you understand your options and what is the best available plan choice for you and your needs!
If you would like to schedule an appointment for a plan review, please call us at (623) 889-7600 today!
If you would like, you may also feel free to click the hyperlink below to get real-time quotes!
